On average, listings lease in the $30's per square foot per year. The The Cove region is experiencing a a rise in rates. In the last 3 months, the median rate went up $3 per sqft per year. That's a 8% rise in rent.
Compared to the rest of the Fairfield market, the The Cove region has greater rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 4 listings have been made available, which means listings might be leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 18,030 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this area are approximately 7 stories. Most buildings in this market were built in 1984 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this region. Most of the occupants of The Cove work from home. Commuting approximately an hour a day is the norm for those who opt to reside in this part of town.